Home / Knowledge / News / Fashion / H1FY17 revenue up 4% at Burberry
H1FY17 revenue up 4% at Burberry
21
Oct '16
For the six months to September 30, 2016, total revenue at luxury goods and premium fashion marketer Burberry was up 5 per cent year on year on a reported basis, but down 4 per cent on an underlying basis at £1,159 million. Of this, retail revenue totalled £859 million, up 2 per cent on underlying basis and an increase of 11 per cent on a reported basis.

Comparable sales improved in the second fiscal quarter and were up 2 per cent as against a drop of 3 per cent in the first fiscal quarter, but remained unchanged for the reporting period.

Excluding Hong Kong and Macau, the whole of Asia Pacific reported positive comparable sales in the first half of fiscal 2017.

However, wholesale revenue declined at 14 per cent on underlying basis to touch £287 million, which Burberry said was broadly in line with guidance.

Licensing revenue dived to £13 million or 54 per cent year over year in the period under review, driven by planned expiry of Japanese Burberry licenses and also consistent with guidance. (AR)

Fibre2Fashion News Desk – India


Must ReadView All

'Requirement of polyester filament yarn is increasing'

Textiles | On 19th Jun 2018

'Requirement of polyester filament yarn is increasing'

The requirement of polyester filament yarn (PFY) is increasing as it...

Courtesy: SAC

Textiles | On 19th Jun 2018

SAC to release pilot of Higg Facility Social Labour Module

The Sustainable Apparel Coalition (SAC) will release this year a...

Courtesy: Tim Savage from Pexels

Textiles | On 19th Jun 2018

Da Lat begins construction of $50mn wool yarn factory

Da Lat Worsted Spinning Limited Company has begun construction of a...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Stefan Warnaar
Peak to Plateau

People are willing to pay for quality and performance

Urmil Arya

Sushila International, a well established textile organisation established ...

Apurva Kothari

No Nasties was the first fashion brand in India to make 100 per cent...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search